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Yahoo
16-05-2025
- Business
- Yahoo
Verallia Obtains Consent of the Group's Lenders in the Context of the Takeover Bid Initiated by BWGI
PARIS, May 16, 2025--(BUSINESS WIRE)--Regulatory News: Verallia (Paris:VRLA) announces today that it has obtained the consent of its bank lenders to amend the change of control clause of its existing banking financing facilities1 so that the completion of the public takeover bid initiated by BWGI, filed with the French Financial Markets Authority (Autorité des marchés financiers) on April 24, 2025 (the "Offer"), will not trigger their early repayment. With regard to certain other Group financings, Verallia has also obtained Bpifrance's waiver of its right to request early repayment of an amortizable loan2 in the event of the change of control clause stipulated in this loan being triggered in connection with the completion of the Offer, and has also obtained Crédit Agricole Leasing & Factoring's (CALF) consent to amend the change of control clause provided for in the Group's pan-European and UK factoring programs3, so that it will not be triggered by the completion of the Offer. CALF has also agreed to extend the term of these factoring programs from December 1, 2025, to June 1, 2026. Verallia is pleased with the confidence shown by its financial partners. About Verallia At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all. With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024. Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement. Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable. Disclaimer This press release does not contain, nor does it constitute, an offer of securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction. Protection of personal data You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@ Press releases will still be available via the website Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@ If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France's regulatory body). 1 Bank financing facilities comprising (i) a syndicated credit agreement of €1.1 billion comprising (a) a term loan of an initial principal amount of €550 million, of which the principal amounts outstanding at the date of this press release amount to €200 million, bearing interest at Euribor + 1.75%, and (b) a revolving credit facility (RCF) of €550 million, unused at the date of this press release, bearing interest at Euribor + 1.25% and (ii) a revolving credit facility of €250 million, drawn for €120 million as of the date of this press release, bearing interest at Euribor + 0.80%.2 Outstanding amounts due of €23 million as of March 31, 2025.3 Factoring programs for a maximum amount of €500 million and €50 million, respectively. View source version on Contacts Press contacts Sara Natij & Laurie Dambrineverallia@ | +33 (0)7 68 68 83 22Investor relations contacts David Placet | Michele Degani | Benoit GrangeTristan Roquet-Montégonverallia@ Sign in to access your portfolio
Yahoo
18-04-2025
- Automotive
- Yahoo
FORVIA: IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM APPROVED BY THE SHAREHOLDERS' MEETING HELD ON MAY 30, 2024
NANTERRE (FRANCE)APRIL 18, 2025 IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM APPROVED BY THE SHAREHOLDERS' MEETING HELD ON MAY 30, 2024 As part of the share buy-back program authorized by the Shareholders' Meeting held May 30, 2024, FORVIA signed with an investment services provider a mandate for the acquisition of a maximum of 300,000 FORVIA shares during a period starting from April 23, 2025 until May 27, 2025 at the latest. Shares buybacks are intended to hedge FORVIA's commitments under performance share plans or any long-term incentive plan to the benefit of employees and corporate officers of the FORVIA group. The description of the share buyback program (details of which are on page 470 & s. of the 2023 FORVIA Universal Registration Document filed with the Autorité des marchés financiers on February 27, 2024) and the text of the 19th resolution of the Shareholders' Meeting referred to above are available on the website of the Company, respectively under the heading "Investors / Regulated Information" and 'Investors / Shareholders / Shareholders meetings' sections. PRESS ANALYSTS/INVESTORS Christophe MALBRANQUEGroup Influence Director+33 (0) 6 21 96 23 Adeline MICKELERHead of Investor Relations+33 (0) 1 72 36 75 Sébastien LEROYDeputy head of Investor Relations+33 (0) 1 72 36 78 About FORVIA, whose mission is: 'We pioneer technology for mobility experiences that matter to people'. FORVIA, a global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With around 250 industrial sites and 78 R&D centers, over 150,000 people, including more than 15,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups and a strong IP portfolio of over 13,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. In 2024, the Group achieved a consolidated revenue of 27 billion euros. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the CAC SBT 1.5° index. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. Attachment 2025 04 18 SHARE BUYBACK PROGRAM
Yahoo
18-04-2025
- Automotive
- Yahoo
FORVIA: IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM APPROVED BY THE SHAREHOLDERS' MEETING HELD ON MAY 30, 2024
NANTERRE (FRANCE)APRIL 18, 2025 IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM APPROVED BY THE SHAREHOLDERS' MEETING HELD ON MAY 30, 2024 As part of the share buy-back program authorized by the Shareholders' Meeting held May 30, 2024, FORVIA signed with an investment services provider a mandate for the acquisition of a maximum of 300,000 FORVIA shares during a period starting from April 23, 2025 until May 27, 2025 at the latest. Shares buybacks are intended to hedge FORVIA's commitments under performance share plans or any long-term incentive plan to the benefit of employees and corporate officers of the FORVIA group. The description of the share buyback program (details of which are on page 470 & s. of the 2023 FORVIA Universal Registration Document filed with the Autorité des marchés financiers on February 27, 2024) and the text of the 19th resolution of the Shareholders' Meeting referred to above are available on the website of the Company, respectively under the heading "Investors / Regulated Information" and 'Investors / Shareholders / Shareholders meetings' sections. PRESS ANALYSTS/INVESTORS Christophe MALBRANQUEGroup Influence Director+33 (0) 6 21 96 23 Adeline MICKELERHead of Investor Relations+33 (0) 1 72 36 75 Sébastien LEROYDeputy head of Investor Relations+33 (0) 1 72 36 78 About FORVIA, whose mission is: 'We pioneer technology for mobility experiences that matter to people'. FORVIA, a global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With around 250 industrial sites and 78 R&D centers, over 150,000 people, including more than 15,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups and a strong IP portfolio of over 13,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. In 2024, the Group achieved a consolidated revenue of 27 billion euros. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the CAC SBT 1.5° index. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. Attachment 2025 04 18 SHARE BUYBACK PROGRAMSign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
Verallia: Press Release
PARIS, March 28, 2025--(BUSINESS WIRE)--Regulatory News: Verallia (Paris:VRLA): Representatives of the French Competition Authority carried out visits and seizures on March 27, 2025, at the premises of Verallia France located in La Défense, as part of an investigation in the glass packaging manufacturing and marketing sector. Verallia is fully cooperating with the French Competition Authority. The fact that the Competition Authority conducted such an inspection does not imply that Verallia is involved in any anti-competitive behavior, nor can it prejudge the outcome of the procedure. Verallia wishes to remind that compliance with regulations and business ethics are at the core of Verallia's values. About Verallia At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all. With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024. Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement. Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable. View source version on Contacts Press contacts Sara Natij & Laurie Dambrineverallia@ | +33 (0)7 68 68 83 22 Investor relations contacts David Placet | Michele Degani | Benoit Grange | +33 (0)6 14 45 09 26Tristan Roquet-Montégon | +33 (0)6 37 00 52 57verallia@ Sign in to access your portfolio
